click to enlarge
Could it continue to chop to the upside? Sure, but it has already caused significant technical damage on the downside by overlapping the $47 level highs. Confirmation will be overlapping $44.
Expect more of the same and new lows likely to boot.
However ....I love WTI under $38. Like at $36 which would be .81 retrace of 9.75 to 148 , scale down to $32.56 which is a straight 78% off $148.
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